Rent review gearing formula
Rent review gearing formula
- 1995
- Estates Gazette Case Summaries 1995 EGCS 148(1) (21 October 1995) .
"Norwich Union Life Insurance Society v British Telecommunications plc" ChD 12 October 1995. Examines whether a gearing formula in the lease should be applied in a rent review when the lease also called for an assessment of the open market to determine a comparable rate.
CONSTRUCTION OF CLAUSE
GEARING FORMULA
NORWICH UNION LIFE INSURANCE SOCIETY V BRITISH TELECOMMUNICATIONS PLC
NOTIONAL LETTING
OFFICES
RENT REVIEWS
TELEPHONE EXCHANGE
UNDERLEASE
"Norwich Union Life Insurance Society v British Telecommunications plc" ChD 12 October 1995. Examines whether a gearing formula in the lease should be applied in a rent review when the lease also called for an assessment of the open market to determine a comparable rate.
CONSTRUCTION OF CLAUSE
GEARING FORMULA
NORWICH UNION LIFE INSURANCE SOCIETY V BRITISH TELECOMMUNICATIONS PLC
NOTIONAL LETTING
OFFICES
RENT REVIEWS
TELEPHONE EXCHANGE
UNDERLEASE